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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (1293)	6/26/1998 1:33:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 1911

India was thousands of years ahead of us. Now they want to become like us. All nations undergo periods of degeneration. What is good and bad is relative. The tent has many desirable properties you won't find at the Ritz. During a vacation you elect to experience the pains of the tent over the comforts of the hotel. Sometimes pain is pleasure. If the lower classes are so hurt by taxation, why do they seek to tax the rich? When they tax the rich, it is the lower class that incurs the biggest percentage of income lost to taxes. The lower classes resent the rich, so they want them punished. They just punish themselves. Maybe laws can be written to make the rich pay for the poor. That's fairness and everyone thinks that's the ideal way. The problem with that is then there is no reason to strive to be rich. Then no one tries to do anything and everyone ends up being poor. That's India. If you want the lower classes to benefit, just eliminate tax on capital. You could retain onerous taxes on the rich and it wouldn't matter. No one wants that. It's far more important to make sure people are punished. It's worth the misery of the lower classes. The lower classes would rather see the rich punished than to have their own lot improved substantially. It is Voodoo Economics that created the extended good times we have and practically no one on the planet knows that. Therefore, that truth will be lost and we will have to go back to the glorious past and do it all over again. I would say that you'll get some kind of top by the middle of July. If it runs up next week, the 4th could be it, but I suspect it will linger. The important criterion is Labor Day. In general, the market lazily peaks in August, the metals bottom, oil completes its bottom, and things start falling apart when school begins.